Agribusiness
Bumitama Agri's net profit declines 13.3% YoY in FY23
Bumitama Agri's net profit declines 13.3% YoY in FY23
Revenue for the period also dropped by 2.4% YoY.
Palm oil woes, lower sugar prices weigh on Wilmar Int’l in 2024: analysts
Share price will get a boost should Wilmar be definitively cleared from the China palm oil fraud.
Wilmar International’s net profit dwindles to US$1.5b in FY23
The FY23 net profit was 36.5% lower than the FY22 record.
Olam Group says evidence not found in multi-billion dollar fraud allegations
Its Nigeria business continues its operations as usual.
Wilmar affirms zero tolerance for corruption after Chinese unit denies involvement in oil fraud
Yihai Kerry’s subsidiary has denied involvement in fraud causing $976.8m state enterprise loss.
British International Investment pours $20m into Valency International
It will fund the Singapore-based firm's expansion in Nigeria.
Gov’t temporarily bans import of poultry from 23 US regions
The 23 regions have reported outbreaks of H5N1 in poultry.
Archisen, FarmByte to build vertical indoor farm in Malaysia
FarmByte will invest $2.4m into Archisen.
Shen Yao independent director charged by CPIB, steps down
The director cited health reasons for his resignation.
Bumitama Agri's net profit dips 27% YoY to $181.97m in 9M23
The company's revenue also fell during the period.
Wilmar Q3’23 net profit dips, dragging YTD performance
It was partially offset by robust performance in our sugar milling and merchandising businesses.
Kuok Khoon Hong boosts stake in Wilmar
The Wilmar chief now has a 13.44% stake in the company.
Olam Agri refutes allegations of Nigeria business’ involvement in multi-billion dollar fraud
The company said reports that it funnelled US$34b into the Central Bank of Nigeria are “inaccurate.”
Olam unit bags US$1.75b sustainability-linked loan
Nineteen banks participated in the facility.
Olam Group subsidiary secures multi-tranche sustainability-linked loan
Olam food ingredients (ofi) seeks to deliver sustainable food and beverage ingredients.
Wilmar’s earnings trimmed to 22% in 2023 after ‘disappointing’ H1 earnings
Earnings will grow by 22%, 12%, and 5% for 2023 to 2025, analysts estimate.
Golden Agri’s net profit cut by half in 1H23
Its profit fell to US$182m.
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